Filed September 9, 2021
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $27,724 |
CADENCE BANK1 year Filed as: CADENCE INSURANCE, INC. Service code 49 · EIN 72-1381997 | Other Services | $7,883 |
Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $50,868 | $30,086+69.1% | $61,373-17.1% | $64,808-21.5% |
| Participation rate | 17.1% | 36.4%-19.3pp | 52.6%-35.5pp | 71.5%-54.4pp |
| Annual return | -17.37% | -13.99%-3.4pp | 338.61%-356.0pp | 32.82%-50.2pp |
| Employer contribution / active EE | $486 | $536-9.3% | $1,159-58.1% | $2,506-80.6% |
| Participant deferral / active EE | $715 | $1,126-36.5% | $2,125-66.4% | $4,310-83.4% |
| Admin fee / account holder | $447 | $148+201.9% | $2,130-79.0% | $188+138.1% |